Topic: Mining still profitable? (Read 2022 times)
I will not soon, buying a new ring now is not a good idea.
When you think about the cost while mining, and possible expenses for GPU etc, it is not profitable.
Not in 1 month no but within one year, it still is profitable and without taking value increase into account.
With a 2.5k rig, I would need to make 1 ETH / month with an average value of 250$. Today ETH is at 300+ and is expected to grow. Difficulty will rise but big bumps are out of the way for one year now.
@klintistwood what/how many GPUs are you running for that $12/day? Just curious.
I have 10 GTX 1060
When you think about the cost while mining, and possible expenses for GPU etc, it is not profitable.
@klintistwood what/how many GPUs are you running for that $12/day? Just curious.
Is mininG still profitable these days and which coins are mainly mined except for bitcoin and bitcoin cash etc.
How much can one mine a day based on rig and cost?
These may be stupid questions but appreciate any help.
1. Yes, definitely, mining is still profitable these days.
2. Choose the coin that you want but better prefer on a low mining difficulty as you can harvest more coins rather than the known ones.
3. Still it depends, depends on the current rig/equipment that you have: If you only have CPU than choose a coin with algo: Cryptonight, if you have a GPU or planning on setting your own mining rig you can go with the known ones.
4. Again the profitability of it will depend on your mining rig and the coin that you choose to mine. Google is your friend here so better research about it, and people here share their own rigs and current mining experience.
I'm making around 12$/day with GPU and no paying electricity, it's not such a bad deal. GTX 1080 are not good cards for mining if you compare price vs ROI.
Anyway, is there a reliable calculator for asic?
thanks
Anyway, is there a reliable calculator for asic?
thanks
Mining is still easily profitable, it's just like anything, you need to try to keep all your hardwear on the top of the tech ladder for best efficency and hashspeeds
I believe anyone under 0.2 c per kw/h is still making money, and rest assured most are ROI now on 10 series purchases, dammit we have had them 15 months haha
0.1USD kw/h and under, profits are still 70/30 if not better
I believe anyone under 0.2 c per kw/h is still making money, and rest assured most are ROI now on 10 series purchases, dammit we have had them 15 months haha
0.1USD kw/h and under, profits are still 70/30 if not better
just looking at supply of gpus now tells it all. it's easy to get gpu now meaning nobody buying gpu's to mine anymore.
Some replies in this topic really are making me wonder if those people actually mine.. 
I'm not familiar with ASIC but how do you calculate the profitability? I thought that ASIC was cheaper to buy but was less profitable than GPU mining.
hahah your delusional. wrong and wrong.
asics are more expensive, and higher profits, Less people have them. Anybody could go order a video card on amazon, mine or play games or whatever, , Very few will order and wait for the miners to ship from china because it's too specialized at one thing and that's just making money with money. Serious farms use asics to mine real coins, GPU is for mining sh*t coins except for ethereum but that's going to come to an end with proof of stake
I don't see why I would be delusional, it's just a questions. You've got asic machines below 2000$ but from what i read you make a couple of bucks a day on BTC. With my GPU rig, I make around 12-13$ / day (ETH and sometimes ZEC).
I got S9, L3+ and I also got a 1080gtx ti rig,
Asics bring in more 8-10 dollars for an S9 and $15-18 for an L3+, I got each of those for around $1600, , Two 1080 Ti is about $750-800 each and those currently bring in $2-2.50 per day per video card each.
GPU bring in roughly Half of the amount of what asics can bring in dollar for dollar, GPU's got the resale edge.
Your highly underestimating the asics. 2 dollars a day on asic is straight up trippin. That's what a top of the line GPU 1080 gtx ti do these days. $2 dollars per day per video card is garbage returns. Video card will be obsolete by the time you got your return and you would have broken even, Better off buying coins if you want better return of investment.
October 25 and Bitcoin Gold is coming soon. I expect the growth of profitability especially on green video cards.
I'm not familiar with ASIC but how do you calculate the profitability? I thought that ASIC was cheaper to buy but was less profitable than GPU mining.
hahah your delusional. wrong and wrong.
asics are more expensive, and higher profits, Less people have them. Anybody could go order a video card on amazon, mine or play games or whatever, , Very few will order and wait for the miners to ship from china because it's too specialized at one thing and that's just making money with money. Serious farms use asics to mine real coins, GPU is for mining sh*t coins except for ethereum but that's going to come to an end with proof of stake
I don't see why I would be delusional, it's just a questions. You've got asic machines below 2000$ but from what i read you make a couple of bucks a day on BTC. With my GPU rig, I make around 12-13$ / day (ETH and sometimes ZEC).
Depending on your costs for electricity and hardware, you could still make a profit.
The question is does buying coins make a lot more profit.
Because so many people are finding out about crypto coins at the moment, coin prices are going up, and it seems like buying coins is better for now.
I bought some hardware a couple months ago. I think I should have started with just buying coins, and waited to buy some mining hardware once coin prices aren't increasing so quickly.
The question is does buying coins make a lot more profit.
Because so many people are finding out about crypto coins at the moment, coin prices are going up, and it seems like buying coins is better for now.
I bought some hardware a couple months ago. I think I should have started with just buying coins, and waited to buy some mining hardware once coin prices aren't increasing so quickly.
Is mininG still profitable these days and which coins are mainly mined except for bitcoin and bitcoin cash etc.
How much can one mine a day based on rig and cost?
These may be stupid questions but appreciate any help.
Mining still profitable up to this day but depends on your resources. If you are looking to mine on your old and outdated computer (rig) then goodluck as it won't work out for you. There are money things that you should consider if you are looking to mining such as:
1. Equipment - CPU mining isn't profitable especially if you are going for the known ones, you have to invest for Antminers (those USB thingy ones) if you are looking to mine BTC or LTC, if you choose Altcoins such as ETH or XMR then invest on a rig such as GPU's. You can wander around this forum as other members that into mining share their current rig and the coin they are mining.
2. Money - This is basic, the more money you have to invest, the better equipment you have. Consider yourself first if you are determined to go into mining as equipments is not really cheap nowadays. You are lucky if you find 2nd hand ones that sold cheaply.
3. Coin to mine - You should know what coin to mine, its current trend in the market and base on what you study, does the coin you choose will make it up for the investments that you let go. Are you determined for a longer ROI or just short?
These are just the basic things you should consider, if you dig deeper you will know a lot, especially in this forum.
I'm not familiar with ASIC but how do you calculate the profitability? I thought that ASIC was cheaper to buy but was less profitable than GPU mining.
hahah your delusional. wrong and wrong.
asics are more expensive, and higher profits, Less people have them. Anybody could go order a video card on amazon, mine or play games or whatever, , Very few will order and wait for the miners to ship from china because it's too specialized at one thing and that's just making money with money. Serious farms use asics to mine real coins, GPU is for mining sh*t coins except for ethereum but that's going to come to an end with proof of stake
Well it depends on what you mine and the number machines you have dedicated to the minning proccessing ..GPU and ASIC minners will make more.Also it depends on how much you are paying for electricity.. so it all depends.
Currently mining is not profitable, It's only for fun and tweaking around and for those that can't handle the high volatility of alt coins.
"These may be stupid questions but appreciate any help." - apparently sort of 
If mining is not profitable, this part of forum would be closed already and dusted...
of cause mining is profitable, and it is much more profitable than twelve months ago, and maybe 24 months ago also...
it is just not as profitable as the time in May/June for ethereum...
so...what do you want? mining is profitable, and will be for a long time, until you can not pay out your electricity bills
If mining is not profitable, this part of forum would be closed already and dusted...
of cause mining is profitable, and it is much more profitable than twelve months ago, and maybe 24 months ago also...
it is just not as profitable as the time in May/June for ethereum...
so...what do you want? mining is profitable, and will be for a long time, until you can not pay out your electricity bills
still profitable on equihash.
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